HA Sustainable Infrastructure Capital, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting total assets of $9.63 billion and net income of $142.2 million for the third quarter.

Key Highlights

  • Total assets of $9.63 billion as of September 30, 2026, up from $8.19 billion at December 31, 2025, according to the filing.
  • Net income of $142.2 million for the three months ended September 30, 2026, compared with $84.9 million for the same period in 2025.
  • Nine-month net income of $200.3 million for the period ended September 30, 2026, versus $242.9 million for the nine months ended September 30, 2025.
  • Equity method investments of $5.50 billion as of September 30, 2026, compared with $4.12 billion at December 31, 2025.
  • Total revenue of $114.5 million for Q3 2026, up from $103.1 million in Q3 2025, driven in part by interest and rental income of $82.6 million.
  • 128,485,212 shares of common stock outstanding as of November 3, 2026, including 540,159 shares of unvested restricted common stock.
  • Junior subordinated notes of $1.11 billion as of September 30, 2026, rising sharply from $497.6 million at December 31, 2025.

HA Sustainable Infrastructure Capital's Third-Quarter 2026 Financial Position and Results

According to the filing, HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) reported total assets of $9,631,123 thousand as of September 30, 2026, an increase from $8,187,965 thousand at December 31, 2025. The growth was concentrated in equity method investments, which rose to $5,503,446 thousand from $4,115,909 thousand over the same period. Receivables stood at $3,273,259 thousand, net of an allowance of $59 million, with $1.1 billion attributable to equity method investees, the company disclosed.

On the liabilities side, the filing reported total liabilities of $6,895,176 thousand at September 30, 2026, compared with $5,530,096 thousand at December 31, 2025. Senior notes increased to $3,778,820 thousand from $3,466,048 thousand, and junior subordinated notes more than doubled to $1,114,644 thousand from $497,560 thousand. Commercial paper notes also rose to $474,563 thousand from $225,212 thousand, the registrant reported.

For the three months ended September 30, 2026, the company reported total revenue of $114,462 thousand and total expenses of $137,768 thousand, resulting in a loss before equity method investments of $23,306 thousand. Income from equity method investments of $213,878 thousand brought income before income taxes to $190,572 thousand. After income tax expense of $48,347 thousand, net income was $142,225 thousand, according to the filing. For the nine-month period, net income was $200,266 thousand, compared with $242,886 thousand for the same period in 2025. Total stockholders' equity as of September 30, 2026 was reported at $2,735,947 thousand. The filing notes that forward-looking statements are subject to risks and uncertainties and are qualified by the company's cautionary language.

What Was Disclosed

The 10-Q for the quarter ended September 30, 2026 disclosed HA Sustainable Infrastructure Capital's condensed consolidated balance sheet, income statement figures for the three- and nine-month periods, share count as of November 3, 2026, and key balance sheet movements including growth in equity method investments and junior subordinated notes.